Write 5 pages with APA style on Doha Development Round. To add to that, even USA and EU have strategic differences on certain issues. The most recent round, which was held in 2008, broke down after th

Write 5 pages with APA style on Doha Development Round. To add to that, even USA and EU have strategic differences on certain issues. The most recent round, which was held in 2008, broke down after the member countries failed to reach a consensus regarding agriculture import rules (BBC, 2008). Though these were followed by intense negotiations, they failed to break the deadlock.

The World Trade Organization was formed with an aim to supervise and liberalize international trade. The Doha round of talks was a devise formulated to achieve that aim and lower trade barriers around the world, thus facilitating growth in trade globally. Besides that, the talks were also meant to insure that multilateral trading system must benefit the developing countries that constitute over three quarters of WTO members. The Doha declaration declared that the member countries of the WTO should strive to negotiate a policy, wherein the developing countries manage to secure for themselves a share in the growth of world trade in accordance with their respective national economic growth. To achieve the above stated goals, the following twin means were identified- reducing import tariffs, thus allowing the developing countries to have wider access to the global markets, and discouraging domestic and export subsidies, which would enable the over-production of goods at very low prices. This in turn would again boost trade practices.